Two SME IPOs – Rappid Valves (India) Limited IPO and WOL 3D India Limited IPO – are all set to open for subscription on September 23, 2024 (Monday). Rappid Valves came into existence in 2002. The company manufactures different types of valves, including globe, filter, butterfly, ball, gate, check, double block and more. WOL 3D India was established in 1988. The company is engaged in the business of providing 3D Printing solutions.
WOL3D SME IPO GMP stood at Rs 65 today morning, investorgain reported. With the price band at Rs 150, the shares are expected to be listed at a premium of Rs 215, which means a gain of 43.33 per cent. Meanwhile, Rappid Valves (India) IPO GMP is 0, investorgain reported.
Rappid Valves (India) IPO priuce, allotment
Rappid Valves (India) IPO, a book built issue of Rs 30.41 crore, opens for subscription on September 23 and closes on September 25. The price band is set in the range of Rs 210 to Rs 222 per share. The retail investors are required to bid for a minimum lot size of 600 shares, amounting to Rs 133,200. For HNI category, it is mandatory to bid for 2 lots for which Rs 266,400 is required.
Rappid Valves (India) IPO allotment is expected to take place on September 26, 2024, while the initiation of refunds is likely to take place on September 27. The shares are expected to be credited to the demat accounts of 27th September. The shares will list on NSE with a tentative date on September 30.
WOL 3D IPO price, allotment details
WOL 3D IPO, a book built issue of Rs 25.56 crore, opens for subscription on today and close on September 25. The WOL 3D IPO allotment is expected to take place on September 26. The shares will list on NSE with a tentative date September 30.
WOL 3D IPO price band is set in the range of Rs 142-150 per equity share. The retail investors are required to bid for a minimum lot size of 1000 shares, for which the the minimum investment would be Rs 150,000. The minimum lot size investment for HNI is 2 lots, amounting to Rs 300,000.
Hem Securities Limited is the book running lead manager of the IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
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